$SPY Apple has rallied 60% in 3 months amazon has rallied 60% in 3 months, SPX has rallied 35% and QQQ 44%. We rally on success we rally on failure and we only sell off on fear. And you wonder why you hear chatter like “are markers functioning properly?” or why half the younger generation (including myself) questions the legitimacy of free markets. This year has made it painfully clear that there is a huge player (buyer) in the global equity market that either A) shouldn’t be participating or B) assumes zero risk for their capital
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